Bitcoin has attracted a plethora of institutional attention in recent weeks as the major firms line up to invest in the cryptocurrency funds.
Skybridge Capital filed registration SEC (Form D) with the U.S. to run a Bitcoin fund for its accredited investors.
SkyBridge To Bring Bitcoin Fund for Accredited Investors
SkyBridge filed Regulation Form D with the United States Securities and Exchange Committee, according to which the asset value of the fund was not revealed; however, the minimum investment was $50,000. The Bitcoin Hedge fund is directed at accredited investors as per SEC Rule. The USA SEC defined accredited investors as ‘the ones’ with an annual income of more than $20000 in the last two years. While the company updated the SEC filing documents last month’ to allow it for holding digital assets, including altcoins and ICO., yesterday’s filing focuses explicitly on Bitcoin.
SkyBridge fund handles more than $9.3 billion in AUM and is founded by the ex-White House Communications Director Anthony Scaramucci. The company filed for the SEC registration for Bitcoin Fund to seek permission to allow its investors to invest in the SkyBridge Bitcoin Fund LP. It did not furnish many details about the filing. The filing is done under Rule 506 will enable it to be promoted and advertised, provided the purchases are made to the accredited investors.
There have been some huge Bitcoin investments this year, with industry behemoths like MicroStrategy procuring more than 1 Billion Dollar investments and PayPal integrating Bitcoin in their platforms. With the latest SEC Filing, SkyBridge joins the league of institutional investors like 3iQ and Grayscale, who invested heavily in Bitcoin.
Anthony Scaramucci has talked about his affinity for cryptocurrencies in an interview previously. Wherein he said that he is a fan of cryptocurrencies. He affirmed that he believes that digital assets have a future. He also discussed Bitcoin with crypto influencer Anthony Pomp Pompliano in an interview and said There’s value to the notion that I can exchange value with you, confidentially — and I can exchange it through a mechanism that looks very secure.”
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